Court could clear the way for Americans to legally bet on US elections
Amid the explosion of legal gambling in the U.S., some things have remained off-limits, including betting on the outcome of U.S. elections
By WAYNE PARRY
Published - Sep 11, 2024, 01:26 PM ET
Last Updated - Dec 16, 2024, 07:21 PM EST
ATLANTIC CITY, N.J. (AP) — Amid the explosion of legal gambling in the United States, some things have remained off-limits, including betting on the outcome of U.S. elections.
But that could be about to change.
A federal judge in Washington has struck down a decision by the Commodity Futures Trading Commission to prohibit a company from offering what amounts to bets on the outcome of Congressional elections.
Last Friday, U.S. District Court Judge Jia Cobb ruled in favor of New York-based Kalshi, but did not detail her reasoning.
